Active Annuity & Life Insurance Policies1
Delaware Life
Business Highlights
Financial strength ratings
*As of June 28, 2024
| A.M. Best | Standard & Poor's | Fitch |
|---|---|---|
| A- | BBB+ | A- |
| (Excellent)3 | (Satisfactory)4 | (Strong)5 |
| Stable | Positive | Stable |
* These ratings are provided for informational purposes only. Ratings are solely the opinions of the rating agencies. Delaware Life Insurance Company does not endorse, and accepts no responsibility for, the ratings issued by the rating agencies. Ratings may be changed, superseded, or withdrawn by the rating agencies at any time.
Delaware Life's variable annuities receive consistent recognition of excellence
Accelerator Prime® Variable Annuity (APVA) with optional Income Control℠ Guaranteed Lifetime Withdrawal Benefit (GLWB) rider has been named a top annuity for 5- and 10-year deferred income at age 65 for 15 consecutive quarters as of July 17, 2024. A highly-regarded independent product research firm focused on supporting broker-dealers, has consistently recognized Delaware Life's unwavering dedication to offering guaranteed income benefits through our innovative variable annuities.
Financial Highlights
| as of 12/31/2023 | as of 12/31/2022 | |
|---|---|---|
| Total Admitted Assets | $46.1B | $41.2B |
| Total Invested Assets | $25.0B | $20.2B |
| Capital & Surplus | $2.6B | $2.2B |
| Total Sales | $6.1B | $2.9B |
| Pre-Tax Operating Earnings | $321M | $291M |
| Net Income | $145M | $259M |
| Net Investment Earned Rate ("NIER")2 | 6.47% | 5.63% |
1As of Q4 2023.
2NIER is computed as the income from Invested Assets divided by the average Invested Assets (trailing 12 months of income is used in the calculation).
3A.M. Best Company assigns ratings from A++ to S based on a company’s financial strength and ability to meet obligations to contract holders. A- (Excellent) is the 4th highest of 16 ratings. For more information about the rating, visit www.ambest.com.
4Standard & Poor’s assigns ratings from AAA to D based on a company’s financial ability to meet financial commitments. BBB+ (Outlook: positive) is 8th out of 21 possible ratings. For more information about the rating, visit www.standardandpoors.com.
5Fitch assigns ratings from AAA to C based on a company’s financial strength. A-(Strong) is the 7th highest of 19 ratings. For more information about the rating, visit www.fitchratings.com.